This week, Fodder kicks off with Berkeley economist, Professor Shachar Kariv, on the science of uncovering investors' true preferences. Harvard's Prof Hausmann then argues that emerging market bond funds should make people morally queasy. Bob Huebscher recaps the recent debate between Wharton's Jeremy Siegel and Yale's Robert Shiller about the outlook for equity returns. Rob Arnott argues that momentum and value are cheap, but low beta is well overpriced. And we finish with a white paper by AB on low vol investing in Australian Equities
This week, Fodder kicks off with Berkeley economist, Professor Shachar Kariv, on the science of uncovering investors' true preferences. Harvard's Prof Hausmann then argues that emerging market bond funds should make people morally queasy. Bob Huebscher recaps the recent debate between Wharton's Jeremy Siegel and Yale's Robert Shiller about the outlook for equity returns. Rob Arnott argues that momentum and value are cheap, but low beta is well overpriced. And we finish with a white paper by AB on low vol investing in Australian Equities
When equity markets fall, the financial and emotional impacts can be lasting. By focusing on reducing downside, investors can have a smoother ride and still achieve the returns they seek.
This week, we bring you the third and final installment of Dr Woody Brock's review of the three key risks facing investors, Tim Farrelly then shows that despite their critics, the ratings agencies do a wonderful job of assessing companies. Urban Carmel then debunks the myth that indexing is a threat to market stability and Yale's Stephen Roach looks at the implications (and the irony) of China's new global push. Finally we feature Jeremy Lawson's excellent Markets Summit presentation on the "dire" implications for risk assets of the rising wave of populism.
This week, we bring you the third and final installment of Dr Woody Brock's review of the three key risks facing investors, Tim Farrelly then shows that despite their critics, the ratings agencies do a wonderful job of assessing companies. Urban Carmel then debunks the myth that indexing is a threat to market stability and Yale's Stephen Roach looks at the implications (and the irony) of China's new global push. Finally we feature Jeremy Lawson's excellent Markets Summit presentation on the "dire" implications for risk assets of the rising wave of populism.
After the ratings failures of CDOs and other complex instruments in the GFC, many dismiss the work of the ratings agencies. But far from being hopeless, they do a wonderful job of assessing companies.
The number of indexes has exploded and now exceeds the number of stocks in the US. But overall, the US stock market is still dominated by active management. And 96% of index products are of insignificant size.
Overall stock market risk has declined modestly in the last 80 years, but the nature of risk has changed greatly. The risk stemming from market mistakes and, possibly, from irrationality has risen significantly.
The danger that sequence of return risk can devastate a retirement portfolio is both increasingly recognised and frequently misunderstood. Three research-driven strategies can help manage it.
Fodder kicks off with part 2 of Dr Woody Brock's review of the three key geopolitical risks facing investors Nouriel Roubini asks whether investors are underestimating the potential of rising geopolitical risk to trigger a black swan event. PIMCO's Libby Cantrill explains why President Trump is unlikely to be able to deliver any time this year on his ideas to reignite US economic growth, and Professor Ron Bird reviews three recent papers on factor investing. Fodder ends with Douglas Isles's top 3-rated Finology Summit session on how to help investors stay the course and not fall prey to common behavourial pitfalls.
Fodder kicks off with part 2 of Dr Woody Brock's review of the three key geopolitical risks facing investors Nouriel Roubini asks whether investors are underestimating the potential of rising geopolitical risk to trigger a black swan event. PIMCO's Libby Cantrill explains why President Trump is unlikely to be able to deliver any time this year on his ideas to reignite US economic growth, and Professor Ron Bird reviews three recent papers on factor investing. Fodder ends with Douglas Isles's top 3-rated Finology Summit session on how to help investors stay the course and not fall prey to common behavourial pitfalls.
Despite increasing global political risk, the probability of outright war is paradoxically lower than it might have been at any previous period in history.
The Conexus Fiduciary Investors Symposium (16 May) has been assessed and accredited by PortfolioConstruction Forum for Forum CE hours. These can be used to help meet the CE/CPD requirements of 15 regulators, associations, institutes and designations – including ASIC RG104/105/146 requirements and CIMA certificants’ CE commitment. Delegates must attest their attendance in order to receive CE acceditation.
Despite proliferating geopolitical risks, global financial markets have reached new heights. Markets have trouble pricing "black swan" events, the "unknown unknowns" that are unlikely, but extremely costly.
Factor investing has its foundation in the empirical studies of EMH. Via ETFs, we now live in a world where the possibility of factor investing is available to almost everyone. Three recent papers are useful in exploring further.
Fodder starts with Dr Woody Brock's review of the three key risks facing investors. Next, Yale's Stephen Roach rings the bell on the balance of economic power. Then, renowned economist, Lacy Hunt, reviews the Fed's history of tightening and concludes that the secular low in bond yields remains in the future. We feature Australian-based CIMA® certificant Tim Macready's award-winning paper on including an impact investing allocation in portfolios. And we end with Tim Farrelly's top 3-rated Finology Summit session on how a formal, written spending policy can help investors focus on what's really important.
Fodder starts with Dr Woody Brock's review of the three key risks facing investors. Next, Yale's Stephen Roach rings the bell on the balance of economic power. Then, renowned economist, Lacy Hunt, reviews the Fed's history of tightening and concludes that the secular low in bond yields remains in the future. We feature Australian-based CIMA® certificant Tim Macready's award-winning paper on including an impact investing allocation in portfolios. And we end with Tim Farrelly's top 3-rated Finology Summit session on how a formal, written spending policy can help investors focus on what's really important.
